The Heat made another move toward securing their contributors for the long haul.
This time, its extending Josh Richardson.
Adrian Wojnarowski of ESPN:
Miami Heat guard Josh Richardson is finalizing a 4-year, $42M contract extension, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) September 13, 2017
Richardson’s max extension was $42,166,656 over four years with a starting salary of $9,412,200. I’m guessing he got that. Limits can be helpful in crafting a deal like this.
This is a fair price for Richardson, who has earned the minimum in his first two NBA seasons and will again this season before the extension kicks in. Maybe he would’ve gotten more in free agency next summer, but it’s hard to risk your first big pay day – especially when you’ll be a restricted free agent and the market looks tight. On the other side, Miami is projecting growth from Richardson, who turns 24 tomorrow – a reasonable bet.
Richardson is somewhere between a good and very good 3-point shooter, and the difference will go a long way in determining his value. At least he offers complementary skills as a creator and defender. Capable of playing multiple positions, he’ll fit somewhere in the Heat’s perimeter rotation.
